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You wouldnāt steal a car. You wouldnāt steal a television. But apparently more than half of you naughty things would happily cheat on a paid subscription service given half the chance. According to a survey by PYMNTS.com, 60% of people who subscribe to a retail subscription service admit to at least occasionally gaming the system.
Retail subscriptions like Amazonās (AMZN) āSubscribe and Saveā, and clothing retailer Stitch Fixās (SFIX) subscription clothing box, exploded in popularity during Covid while we were bored and isolated at home. š” But as cost pressures start to bite, many of us have taken to repeatedly milking introductory offers and discounts. Cheating tactics vary from creating multiple accounts to access those intro deals, to guessing discount codes. However, one of the more common ways people admitted to cheating was scoring referral benefits by donning a fake moustache and referring to themselves under new email addresses. š§
Is 2022 turning into āthe year of cheatingā? While Netflix (NFLX) was off counting the 100 million households they estimate are cheating on their service, the world of chess has been grappling with their own huge cheating scandal, which is anything but black and white. āļø Pop rocker Adam Levine has allegedly been trying to make cheat moves too, with ācringeā Instagram DMs. Speaking of having no game, cheating in video games is getting so bad that last month game makers Electronic Arts (EA) announced a new kernel-level anti-cheat system for their PC games to stop hackers and cheaters ruining the game for the rest of us.
Is the internet to blame? Probably. According to the PYMNTS.com survey, the one group least likely to cheat on a subscription are baby boomers and seniors. Only 16% of boomers admitted to cheating on subscription services. āThough whether that was because of ethics or a lack of tech-savvy skills preventing boomers from turning on cheat-mode was unclear. š
Weāre not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. Weāve done our best to ensure all information is current when we pushed āpublishā on this article. And of course, with investing, your money isnāt guaranteed to grow and thereās always a risk you might lose money.
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